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are critically and reduction of the deficit. he would reduce the deficit by 10%. the hope is he can do more on that. have a lot of married couples and free school meals for kids. of course, the tapering with energy -- what will the impact be? [laughter] >> we would not want you to be chilly. that was manus cranny live from westminster. we will bring you a speech -- osborne's speech live. >> the ecb will publish its decision following last month's surprise rate cut. focus will be on mario draghi. here witherro is details. >> it is hard to follow manus cranny. [laughter] let's talk about these forecast. a reason many people thought they would cut a rate this month and not last month. the rate cut would come with the company forecast. what we will get is something as bright as the u.k.'s forecast. they currently predict one percent growth for next year at inflation is at 1.3%. that is well below the 2% target. it is important. it might sound a long way off. we know that dally on swift guidance -- dalliance on guidance -- you might get some color on that. >> and deflation, is that justified? we
is a healthy and urbanization, but we did have a deficit. one of the challenges to address was to know longer have a deficit. it created an entity that would enable a structure that would enable one to receive money, and those who gave money to get tax deductions was key. so we got a new irs status, c3 charitable foundation, and we also received chi museum.s the nogu prior to that, the noguchi foundation which was the museum was a program of. >> how would you describe the work of noguchi to those are not familiar with this culture or art? york, mother was from new his father was japanese. he called himself a global artist at the time. it was before the motions of multiculturalism and biracial. he was born in 1904. he was extraordinarily prolific in that he worked in parks, landscapes. he was a precursor to all of the artists that went on to be known as earthwork artists. he did parks, playgrounds, theater curtains, theater sets. he had an association with martha graham for 50 years. many people do not realize the big stainless steel piece in rockefeller center, which is in the building, he di
and how do we fit this budget deficit issue. how do we deal with the debt ceiling and figuring out that common ground that is there? a lot of the work that we are is creating these partnerships, coming up with solutions, and creating the pressure from within. >> what has been the biggest surprise for you? has there been anything that is -- that has shocked you and that you were not prepared for? >> i had the opportunity to work for one of hawaii's great senators. i work for him between my two deployments to the middle east. our two senators from hawaii were great leaders, they set a good example. they taught me a lot about building relationships. building relationships that are based on respect and that would stand when the wind was blowing one way or another. of twore great examples best friends. they call each other brothers. they were talking about an issue on the house floor and after they were done, they went up and tried to fist bump each other and missed the first time. they got it on the second or third try. regardless of what happened, they were able to disagree and remain
administrations have danced around the mission of our infrastructure deficit. for all the attention to the various fiscal cliffs, the looming infrastructure deficit is every bit as critical. for two centuries, infrastructure was a bipartisan issue, from lincoln with the transcontinental railroad to democrats and republicans coming together to launch the interstate freeway system, signed into law by president eisenhower, subsequent roads, transit and water investments helped fuel our economy and tie the nation together. more recently, the failure to address long-term funding has also been bipartisan. the bush administration ignored strong recommendations from their own private sector experts that they impaneled to give advice. although the obama administration did request and employ some modest funding in the recovery act and has proposed an infrastructure bank and talked extensively and i think sincerely about the need for investment, what has been lacking has been a specific concrete proposal from either party to address infrastructure financing in america. while the political maneuvering has sec
, couple things. one is the deficit has been get being smaller. there are fewer of them out there than there were a couple years ago. but there are also, i mean there are a lot of buyers out there, insurance funds, pension fund and don't forget foreign central banks who are trying to control their own currencies. david: there is no concern that there won't be demand there for the bond among fed officials? >> what the fed will tell you there are not, what they're trying to do is lower interest costs for households and companies. they're not trying to make it cheaper for the government to go out and run big deficits. i don't think they're worried about that. cheryl: jon hilsenrath, aka, bruce springsteen. >> thank you very much. how old is bruce these days? i think you don't need to worry. you're a lot younger than because. cheryl: kind of looks like bruce. david: will new york mayor-elect bill de blasio's wealth tax proposal cause wall streeters to move to main street? steve forbes talks about the potential implications of the new mayor's plan in just a moment. cheryl: they might be cor
. you're right. they have a big current account deficit. if and when we see a beg effect on tapering, we may see them suffer. >> violence with the mines. this is a nation that has a lot of questions open. >> absolutely. he didn't solve everything but certainly i think things could have been far worse. >> and also the metamorphosis just as gorbachev was changing the world as well. >> he shifted in four years. the castro bothers, 50 years, they still haven't. >> it's nice seeing you down here. >> you, too. >> as massive ice storm is moving across the country bringing freezing rain, snow, sleet and jim cantore joins us. >> reporter: thank you very much. normally in the east the sun comes back up and it warms up and everything melts. unfortunately it's only going to get colder. this morning we started out at 30 degrees and now it's all frozen and the same this evening is happening on the road. you'll notice the cake and the glaze, you have to pry this off. the salt and sand trucks are dealing with the main there owe fair -- thoroughfares. but mass transit, about a thousand fights in and out
pill. a big hit to government spending but a sharp improvement in the deficit to gdp ratio. we do not have to swallow the pill again in 2014. we have reset government spending out lower levels. we did not have to do it all over again. makes for pretty easy comparison year-over-year when you compare 2014 to 2013. sex we are running less of a deficit. that is good news. what if you drill down and talk thet individuals? >> it is verge because of the wealth effect. rising. have been consumers are at the upper end of the spectrum and have been really getting the benefit of higher net worth. here is net worth as a percent of disposable income. we have seen very sharp improvement that is driving the spending we are seeing in the economy. >> in other words, the total net worth is 600% of what you make. if you make 100,000, you are worth 600,000? >> exactly. s&p is up. equities are up. general home price valuations are up. we have been covering a lot of the lost wealth. five years after the financial crisis, we have recovered a lot of the wealth. the dominant theme for spending in 2014. >>
the government, folks with the national deficit dropping at its fastest rate in 60 years? it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound rea
at present levels and to manage the budget deficit with a view to its continuous reduction. similarly, we are agreed that a permanently higher general level of taxation is to be avoided. to achieve these important objectives will require consistent discipline on the part of both the central and the provincial governments. furthermore, this disciplined approach will ensure that we integrate the objectives of our reconstruction and development plan within government expenditure and not treat them as incidental to the tasks of government, marginalised to the status of mere additions to the level of expenditure. there are major areas of desperate need in our society. as a signal of its seriousness to address these, the government will, within the next 100 days, implement various projects under the direct supervision of the president. let me briefly explain these. children under the age of six and pregnant mothers will receive free medical care in every state hospital and clinic where such need exists. [applause] similarly, a nutritional feeding scheme will be implemented in every primary scho
. we should be at the top. >> overnight anchors. >> teachers are at a deficit of 432 minutes. aircraft pilots, landscapers, bartenders, that makes sense. sales reps hairstylist, they work a day job but maybe they like to party. >> that may be it. >> forest and logging workers. i could see that. >> i don't know where we are but we should be at the top. >> yeah. i get maybe five hours a day, not even a night. >> i think i'm averaging 5 1/2 split up, not even in one dose. we should be at the top. >> yeah. i get maybe five hours a day, not even a >>> this morning on "world news now," in a daze. that's the explanation from the man at the controls of that doomed commuter train as it zoomed around a curve at three times the speed limit. new details in the investigation. >>> danger zone. the winter system plunging temperatures coast to coast. the snowfall, windchills and serious threat to crops. >>> double trouble, two different -- different meningitis outbreaks on two campuses. the colleges taking action and precautions for students. >>> turning up the he
, loss of bladder continents, and the deficits of treatment are currently outweighing the benefits. so that test is no longer recommended. the numbers are pretty clear that the overdiagnosed of early breast cancer happens in many cases as well, and there are a number of things that are being thertaken to try to improve situation clinically. from the point of view the national cancer institute, the thing we are trying to solve is the question of how we can take these early abnormalities and tests to kinds of distinguish between those that are likely to evolve into life- threatening illnesses and those beniare simply the nine -- gn abnormalities that would not cause serious symptoms or life- threatening situations had they not been detected. we're talking with leading researchers about their areas of expertise at the nih. dr. harold varmus is the director of the national cancer institutes. al is joining us from cambridge, ohio. caller: good morning. it is a pleasure to be able to talk to a doctor out here after working for 40 years at a good job but cannot seem to ever get to talk to a d
taking office, he faced a largest per capita deficit in the country. total debt of about $3.5 billion. before taking office, he did several terms as mayor of stanford, connecticut from 1995 to 2009. and what's particularly relevant today for this conversation is promising to make 2012 the year of education in connecticut. he tackled reform agenda and a state long been known for one of the nation's widest racial achievement gaps. and the governor took the lead of passing one of the nation's more dramatic education bills signed in maif of 2012. it was public act 12116 and act concerning education reform. some of the packages most significant features required a new teacher evaluation pilot in which 5% of the evaluation will be based on student learning. the governor's package created a commissioner's networking similar to the recovery school direct in louisiana. which is the ability to take authority over 25 of the state's lowest performing schools to date. 11 have been entered to the networking. and increased per pupil charter school funding to $10,500 in fiscal 2013. it will go to $11
were to continue, would lead to greater federal deficit, which would eventually reduce the nation's output in income, slightly what would occur under current law. so i believe we should be focused on how we get folks back to work. that is where the house has been focused. unfortunately, after 140-some bills we passed over to the senate, they still await even consideration at all by that body. so with that, mr. speaker, i yield back. mr. hoyer: i thank the gentleman for his comment. we need to have the -- we don't have the time nor the inclination of going through the bills which the gentleman refers as jobs bills. of course we have an alternative and mr. van hollen will be talking about that in terms of jobs, investment, infrastructure, investment in education and growing jobs for our people. but the fact of the matter is, mr. speaker, there are 1.3 million people who can't find a job. to say that they will be disincentivized because we continue to give them some support so they can survive and their families can survive during the period of time that they're looking for a job, th
're talking about. because the deficits are coming down. because of the sequester they all want to get rid of. yeah, it really -- we start to go so far down the rabbit hole i need a pole to get some air down here. >> you need some air. get that guy a glass of water, quick. jim lowell, what are you doing to put money to work right now? >> let me give rick santelli a little bit of air. as a bow tie wearing yankee i'm used to being the skeptic in the room. i'm not worried at all. the u.s. consumer is in good shape. consumers across the pond, in the eurozone -- >> yeah, consumption and gdp was just off the charts, wasn't it? >> it was okay, rick. it's been okay -- >> okay is much different than good. >> grading on a curve. >> as long as that continues for real world investors and for my clients, we've been able to make significant gains. i certainly am not surprised by the pullback in the market. look, after heapings of gains it's only natural the market takes a little bit of a diet. the reality is going forward large cap, multinational blue chip, balance sheets look great. >> why doesn't the fed
the likelihood of a shutdown and another debt crisis in january. but it wouldn't have much deficit reduction. it would not go after any of the hot button items like social security or medicare, which need to be dealt with over the long-run. it wouldn't close any tax loopholes. those things have proven too partisan for these budget negotiators to tackle. yesterday, in the nfl, the kicker for the denver broncos made a 64-yard field goal. record for the nfl. this is more like a 6-yard field goal. they haven't kicked it yet. i do think they will before congress goes home. it is a minimum achievement for people to cheer about. >> john, it is interesting when you talk about some of the little sticking points here. one is the benefits for the long-term unemployed. that is making up a record percentage of the people in this country who are unemployed. do you get the sense that congress is looking at the jobs report and saying, hey, maybe we shouldn't move the needle on that right now? >> i think that is difficult in part, because when you look at the size of this deal, we are only talking about $90
be a mix of fee revenues and pension cuts to help reduce the deficit, help ease the sequester. from reading the take the journal has, they're pretty close. there's some issues remaining, but it could come as early as next week. we still have people coming in and talking about -- >> you've read that headline before, joe. down to the last most difficult item. >> these are small items, though. we're not trying to do anything. i think both sides, we're agreeing to disagree. this would put us past the next election. we will be through another election to see -- you know, to get another chance to vote on it. >> yeah. >> in wall street news, reports say eddie lampert is facing an exodus to his hedge fund. lampert has reduced the reduction technique before. we should point out that just this morning, the news has become officials. lands' end, that spin-off that we've been talking about from some time for sears holding, it, look like the board needs to make a final stage, but sears holding has filed this registration statement saying it is looking to go ahead and spin off lands' end. the stage at th
Search Results 0 to 15 of about 16